1. What decisions are made within organizations?

• ❌ Mundane, everyday decisions

• ❌ Long-term, strategy-oriented decisions

• ❌ Decisions made by owners

• ✅ All of the above
  Explanation: Organizations make routine, strategic, operational, and ownership-level decisions.

---

2. Who are decision makers in organizations? (Check all that apply)

• ✅ Owners

• ✅ Employees

• ✅ Consultants

• ✅ Managers
  Explanation: Everyone involved—even consultants—contributes to decision-making.

---

3. Most decisions are scheduled and occur regularly.

• ❌ True

• ✅ False
  Explanation: Many decisions are unscheduled, unexpected, and require judgment.

---

4. What is the “lifeblood” of the organization?

• ❌ Managers and employees

• ❌ Owners

• ✅ Information

• ❌ Decisions
  Explanation: Good decisions depend on quality information—thus information is the lifeblood.

---

5. Opening a repair kiosk: Which decisions will you make? (Check all that apply)

• ✅ What method of advertising you will use

• ✅ How to price repair services

• ✅ Whether to expand to other locations

• ✅ Whether to hire employees

• ❌ How much rent you will pay mall owners
  Explanation: Rent is fixed by the mall; all other choices are your decisions.

---

6. Useful information for the kiosk? (Check all that apply)

• ✅ Number of individuals visiting the mall

• ✅ Rent costs

• ✅ Location opportunities

• ✅ Competitors’ prices

• ❌ Employee qualifications
  Explanation: You need market, pricing, cost, and footfall info. Employee qualifications matter only if hiring—but not listed as an “information example” in lecture.

---

7. Which sub-discipline relates most to decisions by owners/managers/employees?

• ❌ Auditing

• ❌ Tax

• ✅ Managerial accounting

• ❌ Financial accounting
  Explanation: Managerial accounting supports internal decision-making.

---

8. Which concepts are part of managerial accounting? (Check all that apply)

• ✅ Relevant information

• ❌ Investigating financial statement fraud

• ✅ Achieving organizational goals

• ❌ Auditing the accuracy of information
  Explanation: Fraud and auditing relate to auditing, not managerial accounting.

---

🧾 Summary Table

---